On the Incentive Structure of Tournaments: Evidence from the National Basketball Association’s Draft Lottery

IF 1.1 Q3 ECONOMICS

Eastern Economic Journal Pub Date : 2024-06-01 DOI:10.1057/s41302-024-00272-7

Martin B. Schmidt

引用次数: 0

Abstract

Tournament theory analyzes labor market outcomes where rewards are distributed on the basis of relative rank. An important factor in these outcomes is the likely return to additional effort. Using National Basketball Association game event data across two seasons, we estimate each team’s game player portfolio and find that teams who were in contention to win the draft lottery reduce their portfolio’s return differential during the 2017–2018 season but not for the 2018–2019 season. We attribute the change to the reduction in the probability of obtaining a higher pick for the 2019 draft.

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关于锦标赛的激励结构：美国篮球协会选秀抽签的证据

锦标赛理论分析了根据相对排名分配奖励的劳动力市场结果。影响这些结果的一个重要因素是额外努力的可能回报。我们利用全美篮球协会两个赛季的比赛事件数据，估算了每支球队的比赛球员组合，发现有希望赢得选秀抽签的球队在 2017-2018 赛季减少了其组合的回报差异，但在 2018-2019 赛季却没有。我们将这一变化归因于在 2019 年选秀大会上获得更高选秀权的概率降低。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Eastern Economic Journal ECONOMICS-

CiteScore

2.10

自引率

0.00%

发文量

期刊介绍： The Eastern Economic Journal, a quarterly publication of the Eastern Economic Association, was established in 1973. The EEJ publishes papers written from every perspective, in all areas of economics and is committed to free and open intellectual inquiry from diverse philosophical perspectives. It welcomes manuscripts that are methodological and philosophical as well as empirical and theoretical. Readability and general interest are major factors in publication decision.